Openwork fund hits £100m in six months

Openwork’s UK equity fund Omnis has attracted more than £100m six months since its launch.

The fund, managed by Neil Woodford of Woodford Investment Management, was made available to Openwork advisers in February 2016 through the network’s investment proposition, Omnis.

Philip Martin, marketing director at Openwork, says: “The partnership with Woodford Investment Management is extremely valuable to Omnis and it is fantastic to see our advisers embrace the fund as enthusiastically as they have since its launch in February.

“Omnis is fast becoming a force in the UK retail investment market and we look forward to growing our relationship with Neil and his team as we continue to build on the encouraging strides we have made so far.”

The Omnis UK Income & Growth fund is only available to Openwork advisers through their platform relationships.